Blue Circular Economy
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The circular economy is defined as “a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closing and narrowing material and energy loops. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling” (Geissdoerfer et al. 2017: 764).
In the last two decades, much attention was drawn to the concept of circular economy, both by researchers and practitioners (Ghisellini et al. 2016). Adopted widely in Europe and currently in Asia (Andersen 2007), the idea was appealing as it offered a new mindset for sustainability and sustainable business. Shifting away from the “linear economy” in which a business produces a product, the consumer buys it and it then goes to waste, the circular economy creates a cycle in which everything stays in the system, nothing goes to waste, and innovative design...
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